# Current Account Regressions: Eurozone Subsample

| Variable | EZ: Z | EZ: Age | Full post-99 |
|:---|---:|---:|---:|
| Z_1 | -189.7500*** | | 4.3036 |
| | (35.6908) | | (14.6625) |
| Z_2 | 24.2056*** | | 0.6234 |
| | (4.6263) | | (2.2187) |
| Z_3 | -0.8706*** | | -0.0586 |
| | (0.1713) | | (0.0907) |
| fiscal_bal_gdp | -0.0679 | -0.0598 | 0.3625*** |
| | (0.0654) | (0.0663) | (0.0279) |
| nfa_gdp_lag | 1.6071** | 1.2809* | 1.0499*** |
| | (0.6681) | (0.7181) | (0.2529) |
| rgdp_growth | 0.1202*** | 0.1137*** | 0.0565*** |
| | (0.0379) | (0.0379) | (0.0175) |
| old_dep | | 18.2479* | |
| | | (10.9621) | |
| youth_dep | | 38.1022* | |
| | | (19.6189) | |
|:---|---:|---:|---:|
| N | 447 | 447 | 5080 |
| R² | 0.2416 | 0.0348 | 0.1217 |
| Countries | 19 | 19 | 190 |

*Panel GLS with country and year fixed effects. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*